Asked by Timofei Bolshev on Jul 20, 2024
Verified
The data processing department of a tax firm would be a profit center.
Profit Center
A segment or branch of a business responsible for generating its own revenue and profit.
Data Processing Department
A department within an organization that processes and manages data, turning raw data into usable information.
Tax Firm
is a company that specializes in offering tax services, including tax preparation, consultation, and filing for individuals and organizations.
- Differentiate among cost centers, profit centers, and revenue centers.
Verified Answer
Learning Objectives
- Differentiate among cost centers, profit centers, and revenue centers.
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